France Household Side-by-Side Refrigerator Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 0.98% from 2023 to 2033
• The France Household Side-by-Side Refrigerator Market Size is Expected to Hold a Significant Share by 2033

The France Household Side-by-Side Refrigerator Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 0.98% from 2023 to 2033.

Market Overview

Numerous households prefer to choose side by side refrigerators. A lot of individuals claim that the side-by-side refrigerator functions more effectively compared to other types of refrigerators. A side-by-side refrigerator is effective, convenient, and adaptable for diverse household sizes and requirements. A side-by-side refrigerator is ideal for kitchens with limited space because the doors require less room to open. It is an excellent choice for homes with a large refrigerator but limited kitchen space. E-commerce is growing rapidly and now has the largest share of retail sales in the refrigeration appliances market. Consumers find it convenient to select a freestanding refrigerator model online or at a showroom, and then make a purchase through e-commerce. The growth of the advanced featured refrigerator market in the region will also be boosted by consumers' increased disposable income, widespread use of smartphones, and access to high-speed Internet. Consumers' growing inclination towards smart home appliances, such as refrigerators, is fueling the market growth of refrigeration appliances. Consumers' high disposable income, smartphones being widespread, and the availability of high-speed Internet will also contribute to the growth of refrigerators in the area.

Report Coverage

This research report categorizes the market for the France household side-by-side refrigerator market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France household side-by-side refrigerator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France household side-by-side refrigerator market.

Driving Factors

It is expected that there will be an increase in employment in France from 2023 to 2024. In 2024, an estimated 28.34 million individuals are expected to be employed. In recent years, there has been a steady increase in the number of employed individuals. The market is expected to grow in the upcoming years, driven by the preference for smart kitchen appliances by most urban residents. Advancements in technology have led to kitchen appliances becoming more energy efficient, resulting in a higher demand for these products. Urbanization has led to a rise in disposable income, causing an increased demand for premium and luxury apartments. The market is also growing because people have more money to spend, leading to changes in their lifestyles.

Restraining Factors

Budget-conscious consumers may be put off by the higher prices of side-by-side refrigerators in comparison to other types of refrigerators.

Market segmentation

The France household side-by-side refrigerator market share is classified into technology and application.

• The 20-25 cu. ft segment is expected to hold the largest market share through the forecast period.   

The France household side-by-side refrigerator market is segmented by type into under 15 cu. ft., 15-20 cu. ft., 20-25 cu. ft., and above 25 cu. ft. Among them, the 20-25 cu. ft segment is expected to hold the largest market share through the forecast period. The 20-25 cu. ft. range typically finds a middle ground between storage space and kitchen size needs. It provides generous storage space without being overly large, which is why it is a favorite among numerous households.

• The online segment is expected to hold the largest market share through the forecast period.

The France household side-by-side refrigerator market is segmented by distribution channel into hypermarkets/supermarkets, specialty stores, online, and offline. Among them, the online segment is expected to hold the largest market share through the forecast period. Online shopping provides great convenience by enabling customers to easily view and compare different refrigerator models without leaving their homes. This is a significant benefit, particularly for high-investment buys such as side-by-side refrigerators.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France household side-by-side refrigerator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Bosch Group
• Electrolux AB
• LG
• Whirlpool
• Samsung
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In August 2023, LG Electronics Inc. has revealed its plans to focus on the European market by launching household appliances that surpass the top levels of energy efficiency. At this year's IFA, the company launched new high-efficiency home appliances like washers, dryers, refrigerators, and dishwashers.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Household Side-by-Side Refrigerator Market based on the below-mentioned segments:

France Household Side-by-Side Refrigerator Market, By Type

• Under 15 cu. Ft
• 15-20 cu. Ft
• 20-25 cu. ft.
• Above 25 cu. ft

France Household Side-by-Side Refrigerator Market, By Distribution Channel

• Hypermarkets/Supermarkets
• Specialty Stores
• Online
• Offline